3 ms·
Really? That's not the impression I get from comments here on HN. It does sound more like some people support the idea of unlimited construction, at least they
by Finnucane 7y ago
Really? That's not the impression I get from comments here on HN. It does sound more like some people support the idea of unlimited construction, at least they might just be the most vocal.
I live near Boston, and Boston reached its peak population in the 1930s--over 800,000. Today the population is closer to 600,000, and the number of units of housing available in the city is about 60% higher than it was in the 1930s. Is it cheaper to live here now? No, it is not. The idea of induced demand is definitely in play with housing: when more is available, more is demanded.